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Updated over 3 years ago on . Most recent reply

User Stats

35
Posts
9
Votes
Michael Greer
  • SE USA
9
Votes |
35
Posts

18 year old son buying a multi-unit with me as co-borrower

Michael Greer
  • SE USA
Posted

Trying to get creative with financing a 4 unit. $400,000 ish range.

My thought was to co-borrow a loan with my son, he lives in one unit to get the owner occupied status.

Would we qualify for the reduced 5% down payment vs the 25% required?

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